Caribbean! Rafe... 21:35 GMT June 6, 2014
AUDUSD
Reply
Took the past few hours working on AUD/USD.
AUD/USD megatrend ended in 2011... too tired to calculate the forecast, will work on it over the weekend.
gl gt.
dc CB 18:29 GMT June 6, 2014
Global Markets News
All the news outlets a touting the "Jobs" recvovery! Back to 2008 Levels of employment...It Finally trickled down...5 years of 0% rates worked...Happy Days are here agains...the sky is clear again....
Good news for the Politcal Machines of both parties. Takes the Hang the Bankers meme out of the fall elections.
dc CB 17:48 GMT June 6, 2014
The UN YEN
While the Fed's presidents are scratching their heads at the quandary that consolidated cross-asset volatility continues to tumble to never before seen levels, the NY Fed's trading desk, clearly rushing to get to the Hamptons, just sold enough VIX futs to push VIX not only 6% lower for the day, but to the lowest print since 2011.
Next up: single digit VIX and the disappearance of all risk.
No More Risk: VIX Plunges Below 11 For The First Time In Years
Livingston nh 16:43 GMT June 6, 2014
The UN YEN
Reply
hmm, SPX up nearly 30 points from Weds AM low but yen same lvl as Tuesday's close
GVI Forex Blog 16:32 GMT June 6, 2014
Reply
June 6, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, June 9. Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: CN- Trade, JP- Trade.
GVI Forex Data Outlook for May 9, 2014
GVI Forex john 16:30 GMT June 6, 2014
Calendar -- Daily Forex Data News
Reply
June 6, 2014 (global-view.com) UPCOMING DATA HIGHLIGHTS for Monday, June 9.
Updated: Trading News Events Calendar
HIGH IMPACT NEWS RELEASES: CN- Trade, JP- Trade.
- Far East: CN- Trade, JP- Trade, GDP.
- Europe: No Major Data.
- North America: No Major Data.
Dillon AL 15:48 GMT June 6, 2014
Global Markets News
statistics and damn lies. During the last 6 yrs the us adult population has grown by aroundf 10 million meaning that we are nowhere near recovered in terms of jobs
Livingston nh 15:44 GMT June 6, 2014
Global Markets News
"Full Time" jobs still short of the pre-recession lvl -- US needs to consider (as healthcare industry has to some extent) a 3 day 10 hr wrk wk -- Saturday is now a govvie off day which should be corrected // school year needs to be a FULL year too
london red 15:35 GMT June 6, 2014
Agree or Disagree? EURUSD
30 continues to offer good support. i suspect a chunk is down to short covering. for me the near term range is 30 up to the 200 day.
GVI Forex Jay Meisler 15:10 GMT June 6, 2014
Agree or Disagree? EURUSD
This pattern is one of my favorite and when broken it more often than not leads to a directional move. In this case I have an open mind but would need confirmation before turning bullish. Otherwise it is a 1.35-1.37 range.
GVI Forex john 14:53 GMT June 6, 2014
Risk On/Off Heat Map
The "rules" are gone.
When equities rise bond yields are supposed to rise.
Risk on/risk off trades not working very well.
SaaR KaL 14:52 GMT June 6, 2014
Day's Trades
P.I close
For Cable 1.6951 1.6768
gold 1,273.63 1,243.54
GBPJPY 172.9091 171.3473
Amman wfakhoury 14:50 GMT June 6, 2014
EURUSD 80pips move
Reply
Amman wfakhoury 10:03 GMT 06/06/2014
13608 confirem and any rise above 13531 will return to it iso 13653.
_______________________________________
Returned to 13631 after it rose till 13675.
The close of 1 hr bar below 13631 will take us to 13580 area.
london red 14:50 GMT June 6, 2014
Agree or Disagree? EURUSD
moving towards the end of the hour, normally a bit of action particularly on a friday afternoon. thru 36 or 30 decides this possies fate.
GVI Forex Jay Meisler 14:44 GMT June 6, 2014
Agree or Disagree? EURUSD
EURUSD has closed within 1.3595-1.3654 for 11 days in a row, within 1.3595-1.3685 for 12 days and 1.3595-1.3698 for 13 days.
Break of 7 day pattern where 1.36 has traded is typically bullish but close within the existing range and below 1.3654 (also 1.3655-58 = 200/20 day mvas) neutralizes to an extent.
Last close above the 20 day mva was on May 7
SaaR KaL 14:39 GMT June 6, 2014
Day's Trades
Reply
5 Minutes data
Gives
this for EURUSD
1.3797 1.3624
1.3828 1.3591
Might Head north more
I am Flat now
london red 14:27 GMT June 6, 2014
Agree or Disagree? EURUSD
stop now a point in my favour. looking for under 30. if not will close.
london red 14:24 GMT June 6, 2014
Agree or Disagree? EURUSD
sold at 40, stop at 57. below 36 gives another attempt at last hour low. if get thru there will lower stop to evens
london red 14:18 GMT June 6, 2014
Agree or Disagree? EURUSD
not sure about dnt at 137 (heard 138/135) but a few bn worth expiries going out at 136-13650 during next week
london red 14:06 GMT June 6, 2014
Agree or Disagree? EURUSD
if going lower you want to be in it before those lines are taken Jay. lot of support there so should move to 136/13585. lot of large expiries at 136 next week hampering upside but equally plenty short so can see under 13585 without a good bounce from there first.
Livingston nh 14:06 GMT June 6, 2014
Agree or Disagree? EURUSD
Are EUR options going out anywhere today -- would think 1.36 strike is gravity or 1.37 dnt ?? //declining 21 dma @1.3663
GVI Forex Jay Meisler 14:01 GMT June 6, 2014
Agree or Disagree? EURUSD
100 and 200 hour mva still converging in a near flat line around 1.3617
london red 14:00 GMT June 6, 2014
Agree or Disagree? EURUSD
lower hourly low closing below prev low but not yet low of day. fresh hour gives us op for even 200 day again and still down. so selling 45/50 for thru 20 my plan.
london red 13:40 GMT June 6, 2014
Agree or Disagree? EURUSD
eurusd stopped 45. 30 support, with hourly low just below that. then the 10 day. below 3620 then selling increases again.
london red 13:24 GMT June 6, 2014
Agree or Disagree? EURUSD
fwiw if eurusd has reversed this week only can assume eurgbp is going to test 8155/67 (last weeks high a little below there) and possibly break it depending on eurusd performance. gbp has solid fundamentals so sales at 8190-8250 make sense if seen.
london red 13:06 GMT June 6, 2014
Agree or Disagree? EURUSD
we should try one more time for fib. it may get to 74 and break or it may fall short somewhere at 65/70. will be looking at triple top shs if so, so if cannot go up this third time ill look for under 200 day down to 10 day.
london red 12:58 GMT June 6, 2014
Agree or Disagree? EURUSD
covered 66. lets try one more time at 74 and if fails then its down. it up to 75/76 surely must go up.
makassar alimin 12:57 GMT June 6, 2014
buy euro
Reply
closed my long euro at 1.3670 for some nice friday scalping pips, see you all next week
london red 12:55 GMT June 6, 2014
Agree or Disagree? EURUSD
NY im neither bull nor bear, price action dictates my view. not good enough to call it long term. short term more often right than wrong and that enough for me.
london red 12:53 GMT June 6, 2014
Agree or Disagree? EURUSD
struggling this is something new at res for first time since break above 13573 yesterday. short term high in sold 73 stop above 80
GVI Forex john 12:51 GMT June 6, 2014
May 2014 U.S. Employment
Look at the U.S. employment chat. The pace of jobs GROWTH is dead flat and has been for almost four years.
Livingston nh 12:51 GMT June 6, 2014
NFP
Plug factor 205k -- goldilocks in line -- STOX futures higher but USD/JPY offsides again like yesterday -- FI yields drop
Paris ib 12:46 GMT June 6, 2014
Agree or Disagree? EURUSD
We're going to end up with an entirely ECB driven market. Top last ECB meeting. Low this ECB meeting.
NY JM 12:45 GMT June 6, 2014
Agree or Disagree? EURUSD
Red, I see you flipped to the bull side.
Looking at charts, anyone who sold over the past 2 weeks, which is half the time being ECB meetings, is underwater.
All depends now whether stops build above the market.
jkt abel 12:45 GMT June 6, 2014
buy euro
Reply
invisible hand is bali sja,supporting euro and. got the exact bottom range :)
bye usd?
london red 12:40 GMT June 6, 2014
Agree or Disagree? EURUSD
NY, inclined to think it will go as all May everyone was selling with almost no bounce to speak of. now theyve got it and not everyone can get out through a small door at the same time. think can buy 200 day with stop under 20 or so.
london red 12:37 GMT June 6, 2014
May 2014 U.S. Employment
covered long but didnt manage to get short at 74 fib. thats the one to watch on top side now. plenty of shorts still wait to cover, you could see how shallow the dip was after the data, after it stalled plenty of buying shot it up. but if we dont do 74 we go down to 200 day.
Sanibel Is. Fl Sir Ignore 12:35 GMT June 6, 2014
Agree or Disagree? EURUSD
out 3659 short totally 3629..
gl gt.
grouper charts next
GVI Forex john 12:08 GMT June 6, 2014
Agree or Disagree? EURUSD
Something else to watch for. Data seems to leak more than ever these days. Keep an eye on gold and silver. We have seen moves in these markets first recently/
GVI Forex john 11:46 GMT June 6, 2014
Agree or Disagree? EURUSD
Can we assume that "Jay's" invisible hand will be there today if the EURUSD somehow rallies on the data, and if so is there an obvious level to expect to see them?
london red 11:40 GMT June 6, 2014
Agree or Disagree? EURUSD
Taken some of the table here at 47 ahead of nfp. Looking to go in short usd with tight stop.
NY 13476 13993
GVI Forex Jay Meisler 11:28 GMT June 6, 2014
Agree or Disagree? EURUSD
This is not your father's FX market - in the old days the EUR would have gotten smashed by the ECB easing.
One source of EUR strength until Draghi deflated the balloon last month were inflows into the peripheral countries. We are seeing strength in those markets since the ECB meeting, suggests one source of support for the EUR.
Livingston nh 11:18 GMT June 6, 2014
NFP
May is the last month for outsize positive PLUG factor (~ 200k?) -- even tho Fed has shifted its gaze from the unemployment rate a sub 6% print would get some attention in BONDland -- But how fast do all those NEW college graduates jump into the employment pool? (May- June distortion) // 240k jobs and 6.1% rate
Livingston nh 11:09 GMT June 6, 2014
Agree or Disagree? EURUSD
Draghi set the interest rate battle line as fixed for 4 yrs so now the rate expectations pressure w/i non EUR EU and other economies will begin to dominate -- who hikes first ??
NY JM 10:44 GMT June 6, 2014
Agree or Disagree? EURUSD
Red, this does not calculate to 1.3674
61.8 of jan to may 135/140 is 13674
london red 10:34 GMT June 6, 2014
Agree or Disagree? EURUSD
61.8 of jan to may 135/140 is 13674 with 144 ema is couple of pips below. Above there is 50% at 13737. As said before former needs to be taken or risk to 13586.
GVI Forex Jay Meisler 10:23 GMT June 6, 2014
Agree or Disagree? EURUSD
I was told years ago that key reversal days do not always work in fx so I take notice of it but do not follow it with blind faith.
All I am saying is put price action in perspective and levels that would need to be taken out to force a further retracement.
For me, there are two scenarios for the EURUSD, bear or range. I have a hard time seeing a sustained uptrend.
Otherwise, look across-the-board and USD is generally weak, which is really odd ahead of a US jobs report. USD selling is partly explained by EUR giving back some cross gains from yesterday.
I think 1.3650 is an important level for the bull side, 1.36 for the bear side.
GVI Forex Jay Meisler 10:12 GMT June 6, 2014
Agree or Disagree? EURUSD
For the EURUSD bulls (and there seem to be many), you need to put the price action in perspective:
1) 1.3691 = 38.2% of 1.3996-1.3503 so it has not even retraced 38.2% of the move
2) Bounced off 1.3670, which was a 2 week high
3) Current pattern is 1.36 has traded 7 days in a row so needs to stay above it to support a bull case
4) Trading ahead of NFP roulette is like rolling the dice in Las Vegas
5) 20 day mva = 1.3658 and 200 day mva = 1.3655 so close vs. these levels are important
6) ECB does not want a stronger EUR
7) On the other side, market got caught badly yesterday so probably bids lying in wait at lower levels by those caught short.
Amman wfakhoury 10:03 GMT June 6, 2014
EURUSD 80 pips move
13608 confirem and any rise above 13531 will return to it iso 13653.
SaaR KaL 10:02 GMT June 6, 2014
Day's Trades
NZDUSD
0.8522 0.8363
0.8599 0.8288
adding shorts
Perth WTR 10:01 GMT June 6, 2014
buy euro
Reply
tried long as well at the pivot 1.3622, stop below 1.3580
manila tom 09:51 GMT June 6, 2014
Agree or Disagree? EURUSD
hi guys, getting ready..
1st long now 1.3628, add later if seen
3 portions before setting stop
Sanibel Is. Fl Sir Ignore 09:45 GMT June 6, 2014
Agree or Disagree? EURUSD
yes sharks are interesting.
banked 1/2 on 3659 SHORT at 3629
Stop BE…
this trade had no fans last night…
Amman wfakhoury 09:39 GMT June 6, 2014
EURUSD 80 pips move
80 pips move from 13653 = 13580 area
any rise above 13653 will return to it
13608 confirmed
______________________
That translated into sell tp 13580 area add sell if rise above 13653.
jkt abel 09:26 GMT June 6, 2014
T LTRO -BNP Paribas
PAR, LOL crooks help each other, can't complain
SaaR KaL 09:26 GMT June 6, 2014
Day's Trades
GBPNZD
2.0023 1.9778
2.0138 1.9664
a good Buy
PAR 09:24 GMT June 6, 2014
T LTRO -BNP Paribas
Reply
BNP Paribas can use the new ECB TLTRO facility to finance it US fines ; Thank you Draghi .
SaaR KaL 09:22 GMT June 6, 2014
Day's Trades
Reply
Want to
Long EURUSD
1.36882 1.35700
1.37424 1.35141
cable
1.68974 1.66999
1.69929 1.66051
EURJPY
141.15735 139.32605
142.01654 138.45369
USDJPY ***
103.46087 102.31430
104.01023 101.76412
singapore td 09:18 GMT June 6, 2014
eurusd
well done comrades, i agree with makassar alimin re buying at daily pivot, can certainly try it
stop below R1 will do today
Perth WTR 09:14 GMT June 6, 2014
eurusd
4hr chart has hook formation, looks like day's bottom is in, i must concur so far with long side
bali sja 09:10 GMT June 6, 2014
eurusd
red, it has happened before
all formidable resistances will be like hot butter later, mark my words
london red 09:10 GMT June 6, 2014
eurusd
bunch of averages around 13610-20 unlikely to be broken ahead of nfp. if looking for a long entry ahead of data, think you can do worse.
london red 09:08 GMT June 6, 2014
eurusd
13670/75 is formibable resistance. it will decide whether we trade 138 or back to support a little under 136.
weekly claims have been firm for may, but other data suggest +225k is at risk to downside.
bali sja 09:01 GMT June 6, 2014
eurusd
wfak's 80 range, means viies' stop will be save and if 30 was the low then 3710-20 must be the 80 range high, all good
bali sja 08:54 GMT June 6, 2014
eurusd
wise decision viies to abandon the loser's side
welcome to invisible hand side
Tallinn viies 08:51 GMT June 6, 2014
eurusd
Reply
covered short euro at 1,3634 and turned long.
stop at 1,3584. target 1,3720
Perth WTR 08:48 GMT June 6, 2014
Morning Levels
syd sf, 1.3610 looks good for me
1.3610-1.3690 is 80 pips --> Wfak's confirmed range
thus, NFP must be disappointing ;)
makassar alimin 08:34 GMT June 6, 2014
buy euro
tried long euro 1.3630 as well ahead of daily pivot, will see how this scalp plays out before NFP
syd sf 08:33 GMT June 6, 2014
Morning Levels
update.
eur range bots t/p at 15/17 lowered their stops to 63
eurcad range bot t/p @80 from 30 sell earlier
gbp ntg as yet as hasn't moved so much.
couple of trailing breakout t/p triggered as well.
seems 1.3610/15 support and then NFP to 1.3690 if it is no good.
Amman wfakhoury 08:31 GMT June 6, 2014
EURUSD 80 pips move
13631 reached..13608 confirmed any rise above 13653 will return to it.
kl fs 08:30 GMT June 6, 2014
buy euro
shawn, follow you went in 1.3630
kl shawn 08:29 GMT June 6, 2014
buy euro
Reply
bought 1st lot today 1.3633, buy more at better levels
bali sja 08:18 GMT June 6, 2014
NFP friday
Reply
i think this is going to be another boring friday, NFP is always a joke, whatever the number is
GVI Forex john 08:11 GMT June 6, 2014
Risk On/Off Heat Map
Reply
- Yields in prime fixed income
markets are starting to diverge with German and French yields
falling in the wake of the ECB yesterday while recent increases in U.K.
and U.S. yields are holding.
Yields on bonds on the periphery of the Eurozone are sharply lower
again as
the ECB is specifically targeted those economies for growth.
- Equities closed mixed to lower in the
Far East earlier.
European bourses are mixed. U.S. equities are slightly higher in
futures trading.
- The U.S.10-yr is 2.58%, 0bp.
The heat map color scheme
of interest rates reflects yields. This aligns all the colors in the
chart to reflect risk-on (green) and risk-off(red).
Hk [email protected] 07:19 GMT June 6, 2014
NFP
The US can manipulate the Stock. Mkt, the gold, bonds...
Can print money, print gold, and vanish German gold and print jobs too.
All is tilted lies. Must wait for the doctored numbers.
Until then avoid risks::))
Amman wfakhoury 07:17 GMT June 6, 2014
EURUSD 80 pips move
Reply
EURUSD is ready to move 80 pips mostly into down unless it breaks 13670 and keeps above it.
No confirmed level yet but 13631 possible to reach.
The only one in the world who confirms the next level
jkt abel 06:56 GMT June 6, 2014
NFP
explain please? the Russians and China are not scared at all though
dc CB 06:52 GMT June 6, 2014
NFP
the military hog is what blows us all up
that's the scarey bit
kl shawn 06:50 GMT June 6, 2014
NFP
hats off to bali sja
the invisible hand holding euro with crystal ball ;)
jkt abel 06:48 GMT June 6, 2014
NFP
the military hog is what crumbles the currency IMO
dc CB 06:44 GMT June 6, 2014
NFP
so who's got the military might to defend the currency?
kl: Kuala Lumpur
jkt: Jakarta
jus sayin'
this is Rome 2014
got the army...try it
that's about it
jkt abel 06:41 GMT June 6, 2014
NFP
yup, NFP must have been leaked, looks like below 200k ;)
kl fs 06:39 GMT June 6, 2014
NFP
oh sorry, i am not used to that kind of linguistic style
from 4hr chart euro, all i see for usd is that has all green light to go down and euro up
jkt abel 06:36 GMT June 6, 2014
NFP
lol fs, dc CB must be sarcastic, we all know the value of usd these days
kl fs 06:26 GMT June 6, 2014
NFP
dc CB...what do you mean?
you mean stocks? yes, the only thing they can propel up artificially is stocks, but usd? toilet paper....
dc CB 06:22 GMT June 6, 2014
NFP
PAR
there will not be a Crash.
It is not allowed
get wth the program and make Money
No down
Only UP
kl fs 06:17 GMT June 6, 2014
NFP
PAR, how do you know? but i think it is very hard to print above 300k anyway, so verdict is there already today
Perth WTR 06:14 GMT June 6, 2014
NFP
LOL i like that PAR!
this is a market on drugs eh, you gotta increase the dose everytime to avoid disappointment, but until when?
PAR 06:11 GMT June 6, 2014
NFP
Reply
Anything below 300.000 will crash the US dollar .
Caribbean! Rafe... 05:32 GMT June 6, 2014
Agree or Disagree? EURUSD
I love sharks.
A friend of mine had a bad experience with sharks once.
Perth WTR 04:43 GMT June 6, 2014
euro
tom, looking at my chart plus the extent of yesterday's move, i think it is hard to even go below 1.36 for weekly closing, upside is more favourable, so yes buy is preferred, could be wrong but i need to see it on 4 hour chart first, right now it is neutral-bullish short term
manila tom 03:58 GMT June 6, 2014
euro
market is dead until NFP, better go doing something else, see you guys
manila tom 03:28 GMT June 6, 2014
euro
Reply
looking for dips to build long later apart from existing short usd positions
manila tom 03:25 GMT June 6, 2014
sell usdcad
Reply
sold 1.0921, stop 1.0957, target 1.0880
dc CB 02:36 GMT June 6, 2014
Goldman Sachs Asks for Bailout...we're first in line
Reply
Investment banks typically hold tens of billions of dollars of Treasury bonds on their balance sheets, enormous positions that can create trading profits if the prices of the bonds rise. But this year, the banks slashed those holdings, so much so that they actually had a negative position in government bonds in March, according to data from the Federal Reserve Bank of New York. The banks and their clients apparently grew so bearish about the price of Treasuries that they wanted no part of them.
But it was the wrong trade.
Bond Rally Is Squeezing the Trading at Big Banks
dc CB 02:16 GMT June 6, 2014
Cartoon Logic
better done by williambanzai7
Art for the Demise
Hong Kong AceTrader 02:14 GMT June 6, 2014
AceTrader Jun 6: Daily Market Outlook on EUR/USD
Reply
Daily Market Outlook on EUR/USD - 1.3659
Update Time: 06 Jun 2014 01:01GMT
Despite Thursday's sell off to a near 4-month trough of 1.3503 after ECB's bold stimulus measures, intra-day swift rally due to active short-covering and subsequent strong gain above 1.3650 res to 1.3670 confirms euro's decline from May's near 2-1/2 year peak at 1.3995 has formed a temporary low there and several days of choppy consolidation with upside bias is envisaged.
As long as 1.3586 (previous sup) holds, further gain to 1.3690/00 is expected later today, however, near term overbought condition should cap euro's upside below res at 1.3734 today.
dc CB 02:03 GMT June 6, 2014
Cartoon Logic
Reply
(see Hillary become the The First Woman Pres) from yeaterday's Paris ib exchange.
via ZH:
For everyone (and on this site we hope this is everyone) who has read Hayek's Road to Serfdom before, feel free to "reread" it for the cartoons. For everyone else: read it now. Feel free to stop when it becomes familiar. Courtesy of mises.org
The Road To Serfdom, In Cartoons
dc CB 01:48 GMT June 6, 2014
Agree or Disagree? EURUSD
yes, forgot to add jkt abel to the top ...it was to add to his thought.
dc CB 01:25 GMT June 6, 2014
Agree or Disagree? EURUSD
no one semed to notice, (posted this earlier from ZH), but besides the Draggii Press the ECB also put out its Forecast, and as you can see from the chart it UPPED Euro to 138 thru 2016.
so trade on the Dragsters BS or Trade on the ECBs forecast.
What's Wrong With This ECB Forecast
Brock Thor 01:01 GMT June 6, 2014
GBP/JPY long ?
Reply
From a couple days ago.
Still long this pair.
Three compounded trades
at different entries but up + 51, 35, 14 pips so far.
A EUR/Usd down 67 pips.
Gonna wait to see in this sell trade works out .
Tomorrow make decision.
IMO...NFP should be a plus -seasonal jobs theory- I'll stay away from that.
Them maybe compound more to Gbp/jpy.
GVI Forex 00:53 GMT June 6, 2014
Forex News
Analysts polled by Reuters expect U.S. employers probably added 218,000 jobs in May, a step down from April's 288,000 job gain. But estimates are even wider than usual, ranging from 110,000 all the way to 325,000....RTRS
syd sf 00:35 GMT June 6, 2014
Agree or Disagree? EURUSD
obviously there are a few sellers now because this is the best price they have had to sell for a while
but I don't think that will interfere with a move up to 90/95
before the risk/reward gets better for the sell side of the market and more of the day trading stops get cleared... taking away some of the demand.
I fail to see how the eurusd is now the "premier" currency to own... looking forward.
kl fs 00:31 GMT June 6, 2014
Agree or Disagree? EURUSD
agree abel, rather wishful thinking to think that NFP will bring it down to low 1.35, i am in the camp that euro will go higher
jkt abel 00:22 GMT June 6, 2014
Agree or Disagree? EURUSD
as Jay mentioned, close above 1.3640 was key reversal day, it was a big one too with long tail, very significant reversal day IMO, would be stupid to sell euro
jkt abel 00:17 GMT June 6, 2014
What's this about Deflation?
yes dc CB, this deflation theme is BS, it is nothing more than a play to get cheaper credits by the crooks to run their businesses, for the rest well you are slaved before you even realize it, rich gets richer baby, capitalism at its best, next you hear it hyperinflation
jkt abel 00:09 GMT June 6, 2014
Morning Levels
thanks sf, agree completely re. initial weakness to be bought for squeeze higher later, can play this with closed eyes, easy :) or in your case your bots :)
syd sf 00:05 GMT June 6, 2014
Morning Levels
Reply
Looking at what the Bots are trading this morning
eurusd - 55-65 till 10 am syd
gbpusd - 08-20 till 10 am syd
eur range bots selling @63 with stops at 79 93 and 10
gbp range bots selling at @15 stops at 37 47 and 65
breakout bots long with trailing stops at 1.3615 and 1.6770 - targets unknown at this point depends on whether the market flattens or rises.
eurcad range bots selling @30 stops at 55
breakout are long with trails at 1.4898
basically looks to me some initial weakness - then a squeeze higher .. obv. care is needed with NFP and how much movement we actually get in asia.
jkt abel 00:03 GMT June 6, 2014
Agree or Disagree? EURUSD
well after what happened yesterday, i think most reasonable play today is buy dips euro
i think golden chance to reload long with 1.35 handle was yesterday, i dont expect it to be seen again today
how about 1.3610-20 to 1.3740 range today
We are starting an affiliate program to market some of our products.